O Shaughnessy Asset Management LLC decreased its position in 1-800-Flowers.Com Inc (NASDAQ:FLWS) by 88.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,219 shares of the specialty retailer’s stock after selling 201,345 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in 1-800-Flowers.Com were worth $460,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of FLWS. Globeflex Capital L P bought a new position in shares of 1-800-Flowers.Com during the 1st quarter worth approximately $1,395,000. Roof Eidam & Maycock ADV bought a new position in shares of 1-800-Flowers.Com during the 1st quarter worth approximately $246,000. CIBC World Markets Inc. bought a new position in shares of 1-800-Flowers.Com during the 1st quarter worth approximately $2,577,000. Martingale Asset Management L P grew its stake in shares of 1-800-Flowers.Com by 19.9% during the 1st quarter. Martingale Asset Management L P now owns 245,292 shares of the specialty retailer’s stock worth $4,472,000 after acquiring an additional 40,706 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 1-800-Flowers.Com by 19.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 202,729 shares of the specialty retailer’s stock worth $3,696,000 after acquiring an additional 33,515 shares in the last quarter. 36.68% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Christopher G. Mccann sold 12,500 shares of 1-800-Flowers.Com stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $18.65, for a total transaction of $233,125.00. Following the completion of the sale, the chief executive officer now owns 943,328 shares of the company’s stock, valued at $17,593,067.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher G. Mccann sold 25,000 shares of 1-800-Flowers.Com stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $19.02, for a total value of $475,500.00. Following the sale, the chief executive officer now directly owns 943,328 shares of the company’s stock, valued at approximately $17,942,098.56. The disclosure for this sale can be found here. Insiders have sold a total of 137,500 shares of company stock valued at $2,625,125 in the last ninety days. Insiders own 64.42% of the company’s stock.
1-800-Flowers.Com (NASDAQ:FLWS) last announced its quarterly earnings results on Tuesday, April 30th. The specialty retailer reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.05. 1-800-Flowers.Com had a return on equity of 10.79% and a net margin of 2.86%. The business had revenue of $248.40 million during the quarter, compared to the consensus estimate of $243.12 million. During the same quarter last year, the firm posted ($0.15) EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that 1-800-Flowers.Com Inc will post 0.5 EPS for the current year.
FLWS has been the subject of several research reports. Benchmark raised their price target on shares of 1-800-Flowers.Com from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. BidaskClub downgraded 1-800-Flowers.Com from a “buy” rating to a “hold” rating in a report on Friday, May 24th. DA Davidson raised 1-800-Flowers.Com from a “neutral” rating to a “buy” rating and set a $18.25 price objective for the company in a report on Tuesday, March 19th. Craig Hallum increased their price objective on 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised 1-800-Flowers.Com from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.71.
1-800-Flowers.Com Company Profile
1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.
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